Initation Enterprises Company Ltd.
Initation Enterprises Company Ltd.: General Business Update: Limited Impact of Earthquake and Tsunami in Japan on Business Activities

Initation Enterprises Company Ltd

General Business Update: Limited Impact of Earthquake and Tsunami in Japan on Business Activities

Hong Kong, May 16, 2011-Initation Enterprises Company Limited, a leading manufacturer of high-precision injection moulded components, would like to announce that the current situation in Japan after the recent earthquake and tsunami has very limited impact on its current business. Although the majority of Initiation's customers are Japanese companies such as Toyota, Honda and Daiwa, it manufactures most of its output for China-based manufacturing plants of those customers. Only a very limited part of the production is a actually exported to Japan.

Currently efforts are under way to move parts of the production along side its customer from China to other parts of South-East Asia i.e. Thailand or Vietnam. Such a move would be welcomed by the customers that have already moved their production to these countries and would have significant impact on the company's profitability. Also an expansion into Europe and specifically into the German market is under evaluation.

Also the company is currently starting its auditing process for the financial year ending 31 of March 2011. The Annual General Meeting is also scheduled to take place at the end of July 2011.

For further information on Initation Enterprises Company Ltd please refer to www.initation.com.hk.

For further questions please contact our Investor Relations Team directly:
Investor Relationship Team (Hong Kong)
T: +852 2498 1884;
F: +852 2498 8616
roytam@initation.com.hk

Initation Enterprise Company Ltd .

About Initation Enterprises Company Ltd :

Initation Enterprise Company Ltd is a Hong Kong incorporated holding company manufacturing high-precision injection moulded components based on ISO9001 quality assurance for Japanese customers operating production facilities in China. With a staff of over 1,000 employees Initiation works for blue chip customers such as Toyota, Honda, Daiwa and so on.